Notice 2018-64 proposes a revenue procedure that provides guidance on methods for calculating W-2 wages for purposes of section 199A of the Internal Revenue Code (Code) and proposed §§ 1.199A-1 through -6 of the Income Tax Regulations (26 CFR part 1) which are being published contemporaneously. Specifically, this notice provides methods for calculating W-2 wages (1) for purposes of section 199A(b)(2) which, for certain taxpayers, provides a limitation, based on W-2 wages, to the amount of the deduction qualified business income under section 199A; and (2) for purposes of section 199A(b)(7), which, for certain specified agricultural and horticultural cooperative patrons, provides a reduction to the section 199A(a) deduction based on W-2 wages.
The notice will appear in IRB 2018-34 dated Aug. 27, 2018.
The National Society of Accountants (NSA) is offering a Live Enrolled Agent (EA) Exam Review Course in Charlotte, North Carolina, August 19-21, 2019.
The August EA Exam Review Course covers material ...
The National Society of Accountants (NSA) is pleased to announce that registration for the 74 th Annual Meeting — to be held August 21 st -24 th , 2019 in Charlotte, NC — is now open.
The NSA Annual ...
Tax season can bring a lot of stress to many people. The thought of how much money you may owe the Government can be stressing enough. If you own a business or two, it can be even more stressful as you ...
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